JinkoSolar Files Patent Infringement Lawsuit Against VSUN and Affiliates

Rhea-AI Summary

JinkoSolar (NYSE: JKS) has initiated a patent infringement lawsuit against VSUN Solar USA, Toyo Co., and their related entities in the U.S. District Court for the Northern District of California. The lawsuit aims to protect JinkoSolar's intellectual property rights, particularly concerning their proprietary technology. The company holds over 2,800 patents, including 462 patents specifically related to N-type TOPCon technology, positioning them as one of the industry leaders in TOPCon patent holdings.

Positive

• Strong intellectual property portfolio with 2,800+ patents
• Industry leadership in TOPCon technology with 462 related patents

Negative

• Legal expenses and resources required for patent litigation

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Lawsuit Filed in U.S. District Court in California regarding Jinko's Proprietary Technology

SAN FRANCISCO, Dec. 7, 2024 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it has filed a patent infringement action in the U.S. District Court for the Northern District of California (San Francisco) against VSUN Solar USA, Inc., Toyo Co., Ltd., and their related entities in the U.S. and abroad for infringement of JinkoSolar's patents.

JinkoSolar has been awarded over 2,800 issued patents, with a proprietary portfolio that includes 462 industry-leading patents related to N-type TOPCon technology, one of the highest numbers of TOPCon patents in the industry. 

"JinkoSolar has earned its leadership position in the global solar module market through significant R&D investments and will vigorously defend its intellectual property against those who sell infringing products," said Louise Lu, a patent litigation lawyer with the Perkins Coie law firm.

JinkoSolar is represented by Lu, as well as Miguel Bombach and Abigail Gardner of Perkins Coie.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had over 10 productions facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and a global sales network with sales teams  in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of September 30, 2024.

To find out more, please see: www.jinkosolar.com

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: ir@jinkosolar.com

In the U.S.:
Mr. Ian Christopher McCaleb
Blue Highway Advisory
Email: ian@bluehighwayadvisory.com

View original content:https://www.prnewswire.com/news-releases/jinkosolar-files-patent-infringement-lawsuit-against-vsun-and-affiliates-302325428.html

SOURCE JinkoSolar Holding Co., Ltd.

FAQ

Why did JinkoSolar (JKS) file a patent infringement lawsuit against VSUN?

JinkoSolar filed the lawsuit to protect its intellectual property rights and patents against alleged infringement by VSUN Solar USA, Toyo Co., and their related entities.

How many patents does JinkoSolar (JKS) currently hold?

JinkoSolar holds over 2,800 issued patents, including 462 patents specifically related to N-type TOPCon technology.

Where did JinkoSolar (JKS) file the patent infringement lawsuit in 2024?

JinkoSolar filed the lawsuit in the U.S. District Court for the Northern District of California (San Francisco).